How to proceed?

Worried

Hello. OH and I have viewed 6 house in total. The 3 we saw at the weekend were all really nice, but one in particular stood out. They are all on at 215-216k, but we can really only go to about 208k.

I don't know what to do from here on in. Would like to go for a second viewing on the one we really like, but haven't got an AIP in place yet. Do you think we should get this in place before the second viewing, so we are in a position to make an offer if we feel we want to?

Also, OH really likes this house, but is a bit worried that we have only seen 6. We both doubt that there would be anything that is much better out there and would be sad to lose this one, but I know what he means, I feel we don't have much to compare it to. How many houses did people see before they found the one?

I suggested arranging a second viewing for next weekend and getting the AIP in place for then and seeing more houses in the week. Do people think this sounds wise? Or maybe we should see it again tomorrow and if we still feel the same way about it get the AIP in place and go back for a thrid viewing on sat?

Also, there is no work to do on it as far as I could see. What would you offer? It's on at 215,995k. Has been on about 4-6 wks. There was someone there viewing when we arrived on saturday, so there is interest, but no offers as far as I know. I don't think we could go above 208k. What are the chances? What should we put forward as a first offer?

Sorry, I know there are a lot of questions to deal with there!

brownie2

You're best bet imo would be to get an AIP as at least then you know the amount of money you've got to play with. Go round for a second veiwing and then offer on it, you can start with a really cheeky offer, they can only say no, and build up from there. If my calculations are right (forgive me if not, it's a monday morning!) then at £208k its only a drop of 4% from the asking price. The vendors should expect a drop from asking price and be prepared to negotiate. Whilst this is happening, then go and view others. Good luck with it all :beer:

prutter

Yep, I agree. And, you may find that when getting your AIP that you can actually borrow a little more - allowing you to offer higher if necessary (or at least giving you that option).

We saw about 7 or 8 houses before 'the one'. But, you can carry on looking whilst your in negotiations. And, often you just know when it's the right one. Particularly if you can imagine living there, and would be gutted if you lost it.

Worried

How long do AIPs last generally?

kingkano

3mths I believe.

spunkeyrich

200 and see what happens. If the house has a right 'feel' for you then its probably the one. Dont take too long as you might miss out. When you speak to the agent they will ask if you can go up, act as if you cant because of financial advice, then if the offer is refused then you can go back to them and managed to find the extra but thats your limit. Its all part of the buying/selling game.

rich

firrybabe

I would sort your AIP and arrange the 2nd viewing but also have some back ups.

If £208k is your maximum limit you need to enter a bid in the £190k region as it gives you room to negotiate. Always stick to your limit and remember you don't want to be incredibly miserable whilst paying your mortgage !

Good luck and do not let any estate agent try to tell you your offer is too low etc they are not really on your side.

back2square1

Hi your thread sounds exactly the same as the one I did last week. Please read it, there is a lot of brilliant advice on there and you can read precisely how I went about negotiating price.

I looked at about 11 properties but to be honest you know when you have found the one you seriously would like. Coincidentally the property I placed offer on was £215000 and by last Friday I had offer accepted for £206500 and I also cheekily asked for fixtures and fittings to be included - I got them!!!

My thread is titled, "How much shall I offer?" Please read it.

Happy househunting!!!